Building Details

Building Size 78,172 SF

Year Built 1998

Listing Agency: Coldwell Banker Commercial First Equity

Listed By: Jared Duncan Show Phone

Source: Cbcworldwide

Added: Jun 22 Changed: Sep 18 Last Checked: Sep 28 at 4:33AM

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Investment Insights

Based on property information with market context.

This premier industrial facility totals 78,172 sq ft and includes a main building of 73,972 sq ft. Within the main building, there is 5,000 sq ft of office space, with the remaining area built out as heated warehouse space. In addition, the property offers 4,200 sq ft of ground-level warehouse space. The facility is served by four dock-height doors and ten grade-level doors, supporting both docked and drive-in access for cargo handling.

The property is located at 14501 Amarillo in Amarillo, TX 79119-1178.

This configuration fits a range of logistics and light industrial needs where on-site administrative space is important alongside functional warehouse access. With both dock-height and grade-level doors, the building is designed to accommodate different loading preferences and operating workflows, while the included office space supports day-to-day management from the same facility.

Key Highlights

• Total 78,172 SF industrial facility with a 73,972 SF main building
• Main building includes 5,000 SF office space plus heated warehouse space
• 4 dock‑height doors and 10 grade‑level doors for flexible loading access

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$489,887

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.91%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$9,797,740 $9.8M

Cap Rate 7%

$6,998,386 $7.0M

Cap Rate 9%

$5,443,189 $5.4M

Market Conditions

NOI Build-Up for 78,172 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$628.5K $8.04/SF

− Vacancy

−$52.2K −$0.67/SF

EGI

$576.3K $7.37/SF

− OpEx

−$86.5K −$1.11/SF

NOI

$489.9K $6.27/SF

Area

Randall County, TX

Vacancy

8.30%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$9,797,740

Cap Rate 7%

$6,998,386

Cap Rate 9%

$5,443,189

Alternative Uses

Best Use

Warehouse

$7.00M

$6.12M – $8.16M (±1% cap)

NOI $489,887 @ 7.0% cap · market cap 8.91%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$40.10M

$35.09M – $46.79M (±1% cap)

NOI $2,807,157 @ 7.0% cap · market cap 51.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Building Supply Law Firm Hair Salon Auto Parts Store Plumbing Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Dock-high doors

10

Drive-in doors

Location Intelligence

Trade Area within ½ mile

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 79119, TX

21,147

Population

9,839

Households

2.1

Avg Household Size

37

Median Age

44%

College-Educated

97%

High-School Grad

99.5 sq mi

ZIP Area

213

Density / Sq Mi

$100,546

Median Household Income

$63,728

Median Earnings

$1,217

Median Rent

$335,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial facility with dock-height and grade-level doors plus dedicated office space for coordinated operations.

Where is this warehouse located?

The property is located at 14501 Fritch, TX.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: Total 78,172 SF industrial facility with a 73,972 SF main building; Main building includes 5,000 SF office space plus heated warehouse space; 4 dock‑height doors and 10 grade‑level doors for flexible loading access